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African Markets: Egypt's Hassan Allam to list shares on the Egyptian Exchange and GDRs on the London Stock Exchange

The Selling Shareholders include the Hassan Allam family which collectively owns an 86.2% stake in the Company.
09.10.18 | Interesting article at African Markets

Hassan Allam Holding, a construction and engineering group headquartered in Cairo, Egypt, and serving national, regional and global clients in the Middle East and North Africa, announced today its intention to proceed with a public offering of up to 44.3% of the Company’s existing ordinary shares currently owned by the Selling Shareholders in (i) an institutional offering of ordinary shares to be listed on the Egyptian Exchange (EGX) and global depositary receipts (GDRs) representing ordinary shares to be listed on the London Stock Exchange (LSE), and (ii) a separate domestic offering of ordinary shares in Egypt.